Premier League champions Manchester City have announced record revenues of £500.5 million ($656m) in their 2017-18 annual report.
City made a profit for the fourth consecutive year, with their balance sheet in the black to the tune of £10.4m ($14m), while the wage-revenue ratio sits at 52 per cent.
City, whose 2016-17 revenue stood at £473.4m ($620.5m), have become only the second English club to break the £500m barrier after Manchester United in 2016 – a feat their neighbours repeated last year by bringing in £581.2m ($762m).
City are now the fifth club in Europe to hit revenues of half a billion pounds, along with Real Madrid, Barcelona, Bayern Munich and United, who are due to release their latest figures this month.